Tall order: As the construction market recovers, industry activity and revenue will increase

As a majority of the Architects industry in New York revenue is generated by nonresidential building design, industry revenue growth has been supported by trends in green building, design, plan and build style contracts, and generally favorable macroeconomic conditions surrounding nonresidential construction building. The construction market has recently shown signs of a robust recovery, which has boosted industry activity and revenue. The values of both nonresidential and residential construction have risen, resulting in an increased need for architectural design services. Over the five years to 2022, industry operators will continue to benefit from improvements in downstream construction markets...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
5.9%
Forecast Growth 17-22
Profit
Employment
26,137
Businesses
8,069
What Our Customers Say

Industry Threats & Opportunities

  • Industry operators will continue to benefit from improvements in downstream construction markets
  • As labor markets have been tight since the recession, there has been upward pressure on wages
  • This upswing in housing design work will be important for smaller-scale, regional practitioners
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in this industry are low. Architects must obtain a licensure and registration from the New York State Education Department. To receive this license, an architect must have 12 years of education and combined experience. This will qualify an architect to take the state's 33.5-hour national architecture licensing exam. While it is possible for an architect to sit this exam with work experience alone, 90.0% of New York State architects have at least a four-year bachelor's degree. Moreover, it is fairly common for New York architects to have a Masters of Architecture degree.Many architects are sole proprietors and operate businesses from home or in a shared office environment. Lim...purchase to read more.

    Additional Insights for the Architects in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Architects in New York Industry are

  • Having a clear market position
  • Ability to compete on tender
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction in New York and Value of Residential Construction in New York in the Architects in New York industry impact industry performance..

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    What is the Architects in New York Industry?

    Architects plan and design residential, institutional, recreational, commercial and industrial buildings and structures by applying their knowledge of design, construction procedures, zoning regulations, building codes and building materials.

    Industry Products
  • Services for residential projects
  • Services for office buildings
  • Services for hospitals
  • Services for colleges and universities
  • Services for other nonresidential projects
  • Industry Activities
  • Architectural (except landscape) consulting services
  • Architectural (except landscape) design services
  • Architectural (except landscape) services
  • Building architectural design services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction in New York
  • Value of Residential Construction in New York
  • Prime rate
  • Housing Starts in New York

  • Current Performance
  • Steady revenue expansion
  • Strong performance
  • Going green
  • Chart: Revenue Growth

  • Industry Outlook
  • Building on success
  • Competitive conditions
  • Table: Architects in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Architects in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Retail Trade
  • Professional, Scientific and Technical Services
  • Educational Services
  • Arts, Entertainment and Recreation
  • Accommodation and Food Services
  • Public Administration

  • Key Selling Industries
  • Engineering Services
  • Landscape Design
  • Surveying & Mapping Services

  • Products & Services
  • Services for other nonresidential projects
  • Services for residential projects
  • Services for office buildings
  • Services for hospitals
  • Services for colleges and universities
  • Chart: Architects in New York Industry Products and Services Segmentation

  • Major Markets
  • Private client customers
  • Individual customers
  • Government customers
  • Construction, architecture and engineering customers
  • Not-for-profit customers
  • Chart: Major Market Segmentation for the Architects in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Architects in New York

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Architects in New York Industry

  • GenslerPerkins & Will Group LimitedPerkins EastmanSkidmore, Owings & Merrill LLP
  • Table: Gensler - financial performance
  • Table: Perkins & Will Group Limited - financial performance
  • Table: Perkins Eastman - financial performance
  • Table: Skidmore, Owings & Merrill LLP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Architects in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Architects in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing starts in NY (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    American Institute Of Architects (Aia)
  • The national professional association of architects.
  • Computer-Aided Design (Cad)
  • The use of computer technology to aid in the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Green Building
  • A building designed to reduce environmental effects and be resource efficient.
  • Leadership In Energy And Environmental Design
  • Also known as LEED, an environmental building certificate program established under the US Green Building Council that certifies buildings that meet energy-efficiency and green requirements.
  • Why buy this report?

    IBISWorld’s industry research report on Architects in New York provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Architects in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Architects in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Architects in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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